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Brazil Real Closes Stronger, Shrugging Off Latest European Concerns

By

Jeff Fick

March 19, 2013 3:55 p.m. ET

RIO DE JANEIRO--The Brazilian real closed stronger against the U.S. dollar Tuesday, shrugging off the latest round of European Union financial troubles as Cyprus's parliament rejected a bailout package that included taxes on bank deposits.

The real ignored declines by the euro, seen as a barometer of the local currency, as investors carefully watched a renewal of the single-currency bloc's crisis. The real exited active trading at...